BlackRock, Inc. (NYSE:BLK) – Stock analysts at CLSA upped their FY2018 EPS estimates for shares of BlackRock in a research note issued on Monday. CLSA analyst R. Rutschow now expects that the firm will earn $24.30 per share for the year, up from their previous forecast of $23.85. CLSA also issued estimates for BlackRock’s FY2019 earnings at $27.70 EPS.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Tuesday, October 18th. The company reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.98 by $0.16. BlackRock had a return on equity of 11.04% and a net margin of 28.59%. The business earned $2.84 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the firm posted $5.00 EPS. The company’s quarterly revenue was down 2.5% on a year-over-year basis.

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Earnings History and Estimates for BlackRock (NYSE:BLK)

A number of other research analysts have also recently commented on the company. Jefferies Group restated a “hold” rating and issued a $383.00 target price on shares of BlackRock in a research note on Wednesday. Goldman Sachs Group, Inc. (The) lowered BlackRock from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $410.00 to $403.00 in a research report on Wednesday, January 4th. Morgan Stanley reaffirmed a “market perform” rating on shares of BlackRock in a research report on Saturday, December 17th. Credit Suisse Group reaffirmed an “outperform” rating on shares of BlackRock in a research report on Saturday, December 10th. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of BlackRock in a research report on Friday, October 21st. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $387.21.

Shares of BlackRock (NYSE:BLK) traded up 0.17% during midday trading on Wednesday, reaching $380.95. The company’s stock had a trading volume of 976,699 shares. The firm has a 50-day moving average of $382.60 and a 200-day moving average of $365.07. The stock has a market cap of $62.42 billion, a PE ratio of 20.01 and a beta of 1.69. BlackRock has a one year low of $280.55 and a one year high of $399.46.

A number of institutional investors have recently added to or reduced their stakes in the stock. NEXT Financial Group Inc increased its position in BlackRock by 22.2% in the third quarter. NEXT Financial Group Inc now owns 275 shares of the company’s stock valued at $100,000 after buying an additional 50 shares during the period. Mycio Wealth Partners LLC increased its position in BlackRock by 3.3% in the second quarter. Mycio Wealth Partners LLC now owns 379 shares of the company’s stock valued at $130,000 after buying an additional 12 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in BlackRock by 22.4% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 393 shares of the company’s stock valued at $142,000 after buying an additional 72 shares during the period. Global X Management Co. LLC increased its position in BlackRock by 294.9% in the third quarter. Global X Management Co. LLC now owns 391 shares of the company’s stock valued at $142,000 after buying an additional 292 shares during the period. Finally, Financial Architects Inc increased its position in BlackRock by 7.8% in the second quarter. Financial Architects Inc now owns 431 shares of the company’s stock valued at $148,000 after buying an additional 31 shares during the period. Institutional investors own 80.55% of the company’s stock.

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In related news, insider Jeff A. Smith sold 125 shares of BlackRock stock in a transaction on Wednesday, October 19th. The stock was sold at an average price of $355.22, for a total transaction of $44,402.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William S. Demchak bought 1,200 shares of the stock in a transaction that occurred on Thursday, October 27th. The shares were bought at an average price of $341.11 per share, for a total transaction of $409,332.00. Following the completion of the transaction, the director now directly owns 1,200 shares of the company’s stock, valued at approximately $409,332. The disclosure for this purchase can be found here. Corporate insiders own 2.20% of the company’s stock.

The business also recently announced a quarterly dividend, which was paid on Friday, December 23rd. Investors of record on Monday, December 12th were given a dividend of $2.29 per share. The ex-dividend date was Thursday, December 8th. This represents a $9.16 annualized dividend and a yield of 2.40%. BlackRock’s dividend payout ratio (DPR) is presently 48.16%.

About BlackRock

BlackRock, Inc is an investment management company. The Company provides a range of investment and risk management services to institutional and retail clients across the world. Its offerings include single and multi-asset class portfolios investing in equities, fixed income, alternatives and money market instruments.

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